$JCT has lost the 0.01 level.
The first rebound after breaking below it is crucial. If it gets rejected when retesting this level, the level will turn from support into resistance.
A valid breakout is often accompanied by increased volume, while a false breakout often isn’t. This is a filter I pay close attention to.
#JCT
The first rebound after breaking below it is crucial. If it gets rejected when retesting this level, the level will turn from support into resistance.
A valid breakout is often accompanied by increased volume, while a false breakout often isn’t. This is a filter I pay close attention to.
#JCT